Random thoughts on technical analysis

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RPL: a break of 147 could mean sudden death...

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its tickling, thanks for perfect short material ..again , and i remember dessending trangle with downtrend means bearishness?is it right? and see this chart with backdrop of crude oil, falling crude prises means bad for this stock,only 2 concerns,we may expect a gap up tomorrow so this stock may jump,my nifty view is not yet been worked out,but given more than not,i expecting nifty around 4648 as few days back i draw a candle there ( though i didnt draw red candles,u edit it )so with this short uptrend i might not go for short what u say ?

 

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Global market analysis
in this world of communication,there are lot of things interconnected,financial world is interlinked with each other already,and now with electronic trades and INTERNET, financial world was never so closer as it is right now,u go on cnbc,u will hear about crude oil more than nifty,speak with ur trader friends,brokers they will speak about gustove first then new rbi governor,
When u speak about leading indicators,we look in adx,rsi,candle formations,vsa u name it ..but as turn out to be in last 3 months most leading indicator is crude oil ! and crude oil itself dependent on other factors,crude oil as commodity is negatively co related with currency,if USD rose crude oil will fall,
Also market depends on treasury or in laymens term bond market,10 year bond yield rises( which indicates roughly the interest rates )then its bad for market,..anyway its long financial subject,u can get to know on wikipedia,or finance books,so i cut the long story short and i post imp charts in global market

 

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MY INTER MARKET ANALYSIS

 

[praveen taneja]

sir can u give charts of nifty too like these bcoz that is behaving surprisingly some time sharp upmove or downmove ur view on that are appreciable thnx in advance

 

[Czar]

Ya Alex Indswift is a medium term bet, thus a buy for me on weekly basis...

RPL: True thus only a break of 147 & we take a bite...

&and i remember dessending trangle with downtrend means bearishness? - ya correct...

S&P: similar with other countries has broken down from 1260 which I had mentioned in my nifty thread was crutial, now should come & test that break...

Rest coming back... thanks

 

[orderflow13]

sir can u give charts of nifty too like these bcoz that is behaving surprisingly some time sharp upmove or downmove ur view on that are appreciable thnx in advance

hi praveen i was in rush while posting those intermarket analysis threads,by night, i will work on nifty and post on nifty part 2 thread of czar, right now i want to clear my head n have some life outside,with clear head we will along with other members plan about nifty strategy.
p.s.keep ur enthusiasm going and start posting ur views,

 

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FOOD FOR THOUGHT
oil producing nations ( crude bulls )

 

[pshirurkar]

Because of gains at NSG, market may witness some sort of euphoria on monday. some stocks not directly related to nuclear deal may also see upmove.
But the real problem is whether this upmove will take nifty beyond 4600.?
Mr Alex can you throw some light on this.
thanks.